Independent Foundations

Private foundations make grants based on charitable endowments. The endowment funds come from one or a small handful of sources -- an individual, a family or a corporation. Because of their endowments, they are focused primarily on grantmaking and generally do not raise funds or seek public financial support the way public charities (like community foundations) must.

Private independent foundations are distinct from private family or corporate foundations in that an independent foundation is not governed by the benefactor, the benefactor’s family or a corporation. Of the largest private foundations in the United States, most are independent foundations, although they may have begun as family foundations or were converted from corporate foundations. There is no official IRS or legal definition of independent foundations, so it is difficult to arrive at statistics that are fully representative of the field.

Below is everything on our site for independent foundations. You can use the filtering options on the right to narrow these results.

In this week's Washington Snapshot:

  • Treasury, IRS Withdraw Proposed Rule for Gift Substantiation;
  • DAFs & Child Sponsorship to Charities;
  • State Policy Action in 2015 Predicts Focus Areas in 2016;
  • Update on Financial Action Task Force (FATF);
  • National Taxpayer Advocate Names 1023-EZ Third Most Serious Problem.

Read all this and more, online now!

Today we celebrate a major victory for community foundations and your donors.

The charitable “tax extenders” are no longer “extenders” that must be reinstated each year, but have become a permanent part of our tax code. In a historic vote, Congress passed the IRA Charitable Rollover into permanent law, making it available to donors and charities for the foreseeable future.

Charitable organizations from around the country applaud Congress for the bipartisan, bicameral passage of the Protecting Americans from Tax Hikes (PATH) Act of 2015.

The legislation will enhance charitable giving by making three essential tax incentives permanent, demonstrating a commitment from Congress to strengthen the charitable community’s ability to continue to improve American lives and our communities. The charitable sector worked closely with Congress to educate members and their staff about the difference these incentives make.

Today we celebrate a major victory for community foundations and your donors.

In this week's Washington Snapshot:

  • Senate Passes Permanent IRA Charitable Rollover;
  • Council Submits Comments on IRS Gift Substantiation Proposal;
  • Omnibus Blocks IRS Political Activity Rulemaking;
  • FASB votes to Revise Nonprofit Presentation of Cash Flows;
  • DAFs, IRAs, & BFFs;
  • Pay For Success Programs Offer "No Free Lunch."

Read all this and more, online now!

Just before noon on December 18, the Senate voted to pass the Protecting Americans from Tax Hikes (PATH) Act making the IRA Charitable Rollover permanent law.

The bill, which passed the House on December 17, also makes permanent the enhanced deductions for conservation easement and food inventory contributions.

For donors to take advantage of the IRA Charitable Rollover this year, the President must still sign this bill into law.

Friends and Colleagues,

Last December, I spoke of 2014 as a Year of Action, and it was! We began putting into place the programs, services, and staff we knew would provide value to our members. In 2015, we’ve begun to see these foundational investments pay off, and I hope you’ve begun to see how our work strengthens yours.